9,990 Shares in Taylor Morrison Home Corporation $TMHC Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL acquired a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,990 shares of the construction company’s stock, valued at approximately $659,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new position in Taylor Morrison Home in the third quarter valued at $26,000. Root Financial Partners LLC purchased a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $27,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter worth about $28,000. Pinnacle Holdings LLC acquired a new position in Taylor Morrison Home in the third quarter valued at approximately $32,000. Finally, AlphaCore Capital LLC acquired a new position in Taylor Morrison Home in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TMHC shares. Barclays reduced their price objective on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Zacks Research cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Truist Financial initiated coverage on Taylor Morrison Home in a research report on Tuesday, March 3rd. They set a “buy” rating and a $85.00 target price on the stock. Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. Finally, Weiss Ratings downgraded Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.29.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $59.57 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The firm has a 50-day simple moving average of $63.65 and a 200-day simple moving average of $63.31. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 8.27 and a beta of 1.58.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.